Trend Analysis
PTC for 17% gainsPTC can be traded for over 17% gains. The stock has completed its completed its 38% retracement and now about to make another Higher High
Daily Closing is required above 28.51, thereafter first resistance is 28.88, once the stock sustains above that level. Trade can be entered into with Stop loss level of 23 for a Target Price of 34.08
Crossing 28.51 will trigger the classic ABCD pattern, final projection will be around 34.88 which could be the PRZ
GBPUSD H1 I Falling from the 50% Fibo?Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 1.2554, which is a pullback resistance that aligns with the 50% Fibo retracement.
Our take profit will be at 1.2489, which is a multi-swing low support level.
The stop loss will be placed at 1.2609, an overlap resistance
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (fxcm.com/uk):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (fxcm.com/eu):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (fxcm.com/au):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au
Stratos Global LLC (fxcm.com/markets):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Could the price drop from here?EUR/CAD is reacting off the resistance level which is an overlap resistance and could potentially drop from this level to our take profit.
Entry: 1.49824
Why we like it:
There is an overlap resistance level.
Stop loss: 1.5166
Why we like it:
There is a pullback resistance level.
Take profit: 1.4847
Why we like it:
There is an overlap support level that lines up with the 38.2% Fibonacci retracement.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
#NIFTY Intraday Support and Resistance Levels - 24/12/2024Flat opening expected in nifty. After opening if nifty starts trading above 23800 level then possible it will consolidate in between 23800-24000 level. Below 23750 downside expected upto the 23500 level. 24000 level will act a strong resistance for today's session. Any upside rally can reversal from this level.
EUR/USD 30-Minute Chart AnalysisEUR/USD 30-Minute Chart Analysis
The EUR/USD pair is currently trading within a well-defined upward channel, showing bullish momentum. It recently moved from the support level
around 1.0330 to test resistance at approximately 1.0457, with the current price around 1.0429.
Key levels to watch include:
Resistance: Immediate resistance at 1.0457 and potential higher resistance near 1.0475.
Support: Initial support at approximately 1.0384 and stronger support near the previous low at 1.0330.
Traders should watch for potential reversal signals from RSI and MACD, as well as volume trends that can confirm market sentiment. Overall,
the pair presents opportunities for both long and short positions depending on price action dynamics.
Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies.
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XAUUSD H1 I Bearish Reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 2620.44, which is a pullback resistance aligning with a 50% FIbo retracement.
Our take profit will be at 2600, an overlap support level.
The stop loss will be placed at 2636.34, a pullback resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
$INJ: Bullish reversal detected on the $INJ daily timeframe.CRYPTOCAP:INJ is a highly underrated project with immense potential. As part of the Cosmos ecosystem, it boasts a state-of-the-art blockchain featuring advanced tools, high speed, and low gas fees.
I’ve been tracking CRYPTOCAP:INJ closely as one of my favorite tech projects. While it’s not as popular as CRYPTOCAP:SUI , I have strong faith in its technology and long-term potential.
Looking at the charts, CRYPTOCAP:INJ has underperformed compared to other altcoins due to a bearish correction on the daily timeframe. However, this correction seems to be nearing its end.
With the weekly timeframe still showing bullish momentum, CRYPTOCAP:INJ appears primed for a double push-up. Based on this analysis, I anticipate a strong rally, potentially reaching $30 and even $40 within the next month or two.
DYOR!
A Turning Point for RatesAll bets are off until further notice following the Fed day rout. That said, it has been and continues to be the case that any meaningful improvement in rates will require downbeat economic data and softer inflation. At this point in the year, we're waiting until early January for the next major shoes to drop (NFP and CPI, specifically).
oil analysis with smbThe analysis of the oil chart reveals significant insights into market dynamics, as clearly illustrated in the attached image. With all critical details comprehensively displayed, this chart serves as a detailed roadmap for understanding price movements and market trends. It reflects a precise depiction of the interplay between technical indicators and market behavior, offering valuable perspectives for strategic decision-making.
USD/CAD H1 | Falling to multi-swing-low supportUSD/CAD is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 1.4350 which is a multi-swing-low support that aligns close to a 38.2% Fibonacci retracement.
Stop loss is at 1.4290 which is a level that sits underneath a pullback support.
Take profit is at 1.4430 which is a multi-swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Bullish Momentum in TON/USDT: Key Levels to Watch
Trade Setup: TON/USDT
The price has successfully broken above the resistance trendline and has also retested the breakout level. Currently, we expect a potential upward move if the price sustains above the trendline.
Entry: Enter the trade if the price holds above the trendline.
Stop Loss (SL): $5.10 (below the breakout level to limit downside risk).
Take Profit Targets (TP):
TP1: $5.90 (first target based on recent resistance).
TP2: $6.40 (second target, considering potential momentum and higher resistance levels).
Risk Management: Adjust position size to ensure proper risk-to-reward ratio. Monitor for invalidation signals if the price falls below the trendline or shows signs of bearish reversal
Gold Spot (XAUUSD) 4H Chart AnalysisOur Preference
Double Top Formation
The 4-hour chart of Gold Spot (XAUUSD) shows a classic double top pattern, indicating a potential bearish reversal. The resistance at the double top is marked
clearly around the 2629 level.
Key Levels:
Double Top Resistance: 2629
Stop Loss (SL): Set slightly above the resistance at 2,662 to manage risk.
TP1: Around 2,617
TP2: Around 2,605
TP3: Around 2,583
The price breakdown below the neckline triggers short trade opportunities targeting TP1 through TP3. Monitor for any bullish attempts to regain momentum
that might challenge this setup. Always practice proper risk management while trading.
Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies.
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Safe entry AMD Buy and HoldNASDAQ:AMD
AMD is currently showing a solid pullback from its all-time high (ATH), with shares trading around $124. While $120 looks like a strong entry point, there’s potential for the stock to dip further, possibly hitting $100. Time will tell if it reaches that level.
Under the leadership of CEO Lisa Su, AMD has evolved into one of the top semiconductor giants, making impressive gains in both CPU market share and stock value in recent years. With a rapidly expanding footprint in the AI chip market, the company is well-positioned for future growth.
My 2025 price target for AMD is approximately $250, driven by its continued innovation and strong market dynamics.
DXY head and shoulders pattern formation
The Head and Shoulders pattern is a popular and reliable chart pattern used in technical analysis to predict potential reversals in market trends. It consists of three peaks: the middle peak (the "head") being higher than the other two peaks (the "shoulders").
Key Elements of the Head and Shoulders Pattern:
Left Shoulder:
Price rises to a peak and then declines.
This peak forms the first shoulder.
Head:
Price rises again to form a higher peak and then falls.
This peak is the head and is the highest point of the pattern.
Right Shoulder:
Price rises again, but this time to a lower peak (similar to the left shoulder) and then declines.
This peak forms the second shoulder.
Neckline:
A trendline drawn between the low points of the left shoulder and the right shoulder.
Acts as a key level of support or resistance.
ETH long but not for longIf you look at the price action of ETH especially last year arround the same time. ETH tends to make one deeper pinbar that touches the 200 MA before running up.
That second pinbar didn't formed yet and suprise the 200 MA is hovering slight below it at 3000K level.
So what do you think will happen?
Don't get trapped, place your limit at the 3k level